indemnity principleglossary / INDEMNITY PRINCIPLE indemnity principle. Insurance. The doctrine that an insurance policy should not confer a benefit greater in value than the loss suffered by the insured. [Cases: Insurance 2104.] 词条贡献者 译员蓉婧,欧洲知名商学院国际金融专业,专注翻译各种与美国证券法律有关的法律文件。